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20121121
20121121
Search Results 0 to 3 of about 4 (some duplicates have been removed)
of that company and that autonomy misrepresented its financial condition. late today the fbi and ousted is investigating the accounting irregularities exposed by h-p. ironically oracle passed on the opportunity to buy autonomy 1/4 hewlett-packard was offered a deal. oracle said it was overpriced at a much slower $6 billion. and one of the oracle executives critically involved in that decision was a fellow by the name of mark heard, the former h-p ceo who was forced out to back in 2008. hedge fund manager avoided a kit quarter of a billion in losses and to join stocks in which he held major positions. he quietly sold his stake in those companies of taking short positions and was awarded $9 million for that brilliant move by sec capitol, the company that owns a hedge fund. today the sec, no relation to s. a. c., charged mark thomas with avoiding those losses by using inside information. the sec said he was told by doctors conducting trials on an alzheimer's drug that the drug was no good before the doctors presented their evidence to investors. the largest in tech -- insider-trading actio
for a big stock. the fbi launching inquiry in autonomy, hewlett-packard. >> i thought maybe we'd get a little pop, but slightly lower, not too far off the unchanged line, but now the questions bin as autonomy, the company they acquired, is being very, very strong standing in saying, listen, we were very clear with our numbers, why is hp coming out now. it's going to be a big mess. stuart: i've got to say, nicole, i feel bad for meg whitman, she walked into this, it's none of her doing, i don't believe whatsoever and here she's got this accounting crisis on her hands. that's tough when she comes into a job like this. >> let's see if she has a happy thanksgiving. stuart: oh, please. nicole, thank you very much. the dow industrials as said are expected to be dead flat and they are, we're down .22. politics, here are the two sides of the current tax question. president obama and the democrats want to raise tax rates of incomes over 250 k. republicans oppose that. so the question, can the two sides come together and compromise? our next guest says, no, they won't. because republican will
cohen, though. >> they might as well have. it is made clear by the fbi investigator in order to make the $276 million in trade, it was steve cohen you have to pull the trigger. mark, who received the information had to convincecohen . how do you suppose he did it? i imagine by telling steve cohen it was good information. charlie: here is one thing we should point out how the capital works. i am not trying to be a defense attorney here for steve going. i am merely trying to play devil's advocate. they both run money. in running their money, you know, including this guy, they go out and make bets in a shared their best bets with steve cohen. now, just because he obtained that information illegally and suppose he does not tell steve cohen that he obtained it illegally. isn't that possible? >> no. according to the indictment there was a 20 minute phone call between the two after the doctor gave him the nonpublic information. what were they discussing for 24 minutes. twenty-four minutes. charlie: i am just saying to you, listen, it is a little fishy when the government charges this guy, o
Search Results 0 to 3 of about 4 (some duplicates have been removed)